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KPIX (CBS) 5
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Search Results 0 to 6 of about 7 (some duplicates have been removed)
CBS
Dec 26, 2012 7:00am PST
, and chip reid is in washington. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of the massive cuts that would occur if there is no deal. it would also patch up the alternative minimum tax that will hit even more middle class families and schedule a
CBS
Dec 27, 2012 7:00am PST
this morning while senators are coming back to capitol hill. chip reid is at the capitol. good morning. >> reporter: good morning. the president arrived back in washington in a little bit more than an hour. the senate comes back tonight and the house it could be a couple of days. there is not the sense of urgency you would think there would be with a critical deadline looming. some members of congress admit they may well just go over the fiscal cliff and deal with it in january after the new congress is sworn in. leaving his family behind to continue their vacation without him, president obama boarded air force one early this morning and headed for washington to deal with unfinished fiscal cliff business. with just five days until the combination of automatic tax increases and spending cuts that could send the economy back into recession, mr. obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is workin
CBS
Dec 28, 2012 7:00am PST
at the white house the president meets with all the key congressional leaders, top democrats harry reid and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and congressional staff, but that's been true throughout this entire saga. with the deadline looming there were dire predictions. >> come the first of this year americans will have less income than they have today. >> reporter: and recriminations. >> now republicans have bent over backwards. we stepped way, way ou
CBS
Dec 31, 2012 7:00am PST
've yet to receive a response to our good faith offer. >> democratic leader harry reid said the gulf over taxes was still too wide, and he indicated the white house might be tying his hands. >> i've had a number of conversations with the president, and at this stage, we're not able to make a counteroffer. >> reporter: so senator mcconnell called the vice president, who he served with in the senate for 24 years. the two men spoke several times sunday. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: democrats want to let the bush-era tax cuts expire for all household incomes over $250,000 a year. republicans would rather set the cutoff at around $500,000 or keep the tax cuts in place for everyone. the two sides are also at odds over the estate tax rate which currently stands at 35% but is set to revert to 55%. even if senate leaders do strike a deal and pass a bill today, it would still need to go up for a vote in the house, but at this point, many members are just hoping their leaders can come up with something if only
CBS
Dec 24, 2012 7:00am PST
. america's largest gun rights group says we don't need new laws. chip reid is in washington with that story. chip, good morning. >> reporter: good morning, jeff. the national rifle association was silent in the days following the tragedy in newtown. now it's speaking out and reigniteing an explosive debate over gun control. the nra says it will not budge from its longtime opposition to gun control, insisting the only thing that will stop school shootings is armed guards. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. i think the american people think it's crazy not to do it. it's the one thing that would keep people safe and the nra is going to try to do that. >> reporter: nra president david kean added that banning particular guns simply doesn't work. >> we had a so-called assault weapons ban for ten years. it was allowed to expire. the fbi, the justice department and others who studied it said it made no difference. so if we're looking at things that are effective, let's talk abo
CBS
Dec 31, 2012 7:00am EST
regularly with senate majority leader harry reid and vice president joe biden is now in it. those two get along much better than mcconnell gets along with the president. over the last 24 hours the president has given some ground for higher levels for income taxes and estate taxes but is also along with that demanded much more in government spending than republicans are comfortable with. this is part of the impasse. and one of the things the administration wants to do is find some across the board spending cuts and cannes. ed government contracted due to take effect starting this week. >> all right. major garrett, thank you. wyoming senator john barrassow is with us. >> thank you for having me. >> if there's a deal today, why would you vote to extend tax cuts if there are no new spending cuts? >> that's the exact thing. the real problem is spending. if you want to raise taxes as the president promised in the campaign he wanted to do that, it was to pay down on the deficit. there's no evidence of any of that and that is a major sticking point. so the democrats are divided on tax rates, on t
Search Results 0 to 6 of about 7 (some duplicates have been removed)